Retail Investors Chase Anthropic and OpenAI Stakes After the SpaceX Rush

Individual investors who got their first look at private-market products during the SpaceX frenzy are now seeking exposure to Anthropic and OpenAI, often through high-fee funds and special-purpose vehicles, even after lockups and hard-to-exit holdings have already shrunk some of those gains. Anthropic is expected to sell shares in the coming weeks, and OpenAI has discussed an offering next year, while prominent figures in the industry are still calling for a slower pace of more powerful AI models.